Islamabad, Feb 27: The Pakistani Rupee (PKR) experienced a slight depreciation against the US Dollar (USD) today, closing in the red after starting the interbank session at 280. Throughout the trading day, the PKR remained within the 279-280/$ range before settling at 279.72 by the session’s end. In the open market, exchange rates fluctuated between 280-281 across various currency dealers.
Despite its decline against the USD, the rupee showed resilience against several other major currencies. The PKR depreciated by 0.04%, losing 10 paisas against the dollar. On a fiscal year-to-date basis, the local currency has recorded a total depreciation of 0.49%.
PKR Performance Against Major Currencies
In interbank trading, the rupee showed a mixed trend:
- UAE Dirham (AED): Lost 3 paisas
- Saudi Riyal (SAR): Dropped 2 paisas
- Canadian Dollar (CAD): Gained 11 paisas
- Euro (EUR): Strengthened by 69 paisas
- British Pound (GBP): Weakened by 54 paisas
Market Outlook
The currency market remained volatile, with investors closely monitoring economic indicators and foreign exchange reserves. Analysts expect the rupee’s movement to be influenced by upcoming policy decisions, global oil prices, and trade flows.
For the latest updates on PKR exchange rates, stay tuned to market insights and expert analyses.
